Finding a Top Financial Advisor Firm in Thousand Oaks, California
If you’re looking for a financial advisor in Thousand Oaks, California, we can help you narrow your search. SmartAsset conducted in-depth research to identify the top financial advisor firms in the area. Below, we detail each firm’s assets under management (AUM), fee structure and investment strategy to help you make the best decision. If you’d like additional help finding an advisor, SmartAsset’s free financial advisor matching tool connects you with up to three local advisors.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Professional Planning Find an Advisor||$447,051,332||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||De Groote Financial Group, LLC Find an Advisor||$420,615,000||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||MFA Wealth Services Find an Advisor||$183,843,913||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Ball & Company Find an Advisor||$165,733,320||$1,000,000|| || |
|5||Pacific Financial Strategies, Inc Find an Advisor||$129,486,615||No set account minimum|| || |
Minimum AssetsNo set account minimum
What We Use in Our Methodology
To find the top financial advisors in Thousand Oaks, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Professional Planning is first on our list. The firm offers investment advisory, financial planning and retirement plan services to individuals, most of whom are non-high-net-worth individuals. Its client base also includes high-net-worth individuals, business entities, trusts, estates and charitable organizations.
Professional Planning has a fee-based fee structure, so advisors earn transaction-based fees as insurance agents or brokers. This could create a conflict of interest, but the firm has a fiduciary duty to put its clients' interests before its own. Most of the firm’s advisors have the certified financial planner (CFP) designation, but they also hold such certifications as the chartered retirement planning counselor (CRPC) and the retirement income certified professional (RICP) designations.
Professional Planning has no specified account minimum. The firm's investment advisory fees are asset-based, and advisors charge on a fixed-fee and hourly-rate basis for financial planning and consulting services.
Professional Planning Background
Professional Planning was founded in 1973 by Melvyn A. Nachman. In addition to its main services, the firm also offers insurance and estate planning on a separate fee basis. Professional Planning also offers tax resources, including tax forms, IRS tax publications, tax rates and a tax calendar.
Professional Planning Investment Strategy
Professional Planning emphasizes on its website that it aims to earn long-term capital growth for each of its clients. The firm employs long-term purchases, but also short-term purchases. It categorizes long-term purchases as securities that are held for at least one year. The firm considers short-term purchases to be securities sold within a year.
Professional planning also strives to maximize client success by using charting, fundamental analysis and technical analysis in its investment decisions.
De Groote Financial Group
De Groote Financial Group is a mid-sized, fee-only financial advisor firm. Its team of advisors includes certifications such as certified financial planner (CFP) and chartered financial analyst (CFA). The firm does not have a specific investment minimum, meaning just about anyone can become a client.
De Groote manages the assets of mostly individuals above and below the high-net-worth threshold. The firm also works with a handful of institutional clients, such as pension plans, profit-sharing plans and corporations.
Financial planning fees are negotiable and come in fixed and hourly variations. On the other hand, investment management fees are based on a percentage of your account's assets under management (AUM). This is a fee-only firm, meaning it does not receive any third-party compensation beyond normal client-paid fees.
De Groote Financial Group Background
De Groote Financial Group was founded in 2013. Today, it is still owned by Douglas C. De Groote, who also acts as the managing director of the firm. David Darst and Andrew Krout are the firm's co-chief investment officers (co-CIOs).
The firm’s services include financial planning, cash flow forecasting, asset allocation planning, retirement planning, estate planning, investment consulting, insurance needs analysis and investment management.
De Groote Financial Group Investment Strategy
The primary type of investment used by De Groote Financial Group are exchange-traded funds (ETFs). Separate account managers, private placement funds, real estate investment trusts (REITS), bonds and individual stocks are also used.
Fundamental and technical analysis are the primary methods used to find the right investments for clients.
MFA Wealth Services
MFA Wealth Services comes in next on our list. Most of the firm’s client base consists of non-high-net-worth individuals; the practice doesn't currently serve institutional clients.
MFA Wealth Services provides wealth management on a fee-based fee structure. This means that advisors in their roles as brokers or insurance agents earn transaction-based fees in addition to client fees. This could create a conflict of interest. But the firm is a fiduciary, which means it must act in the client's best interest.
The firm doesn’t have an account minimum, but it charges clients a minimum fee of $250 per quarter or $350 per hour. Each of the firm’s three advisors have earned the certified financial planner (CFP) designation.
MFA Wealth Services Background
Originally named Meador Financial, Inc., MFA was founded by Jerry Meador. On January 2, 2019, Michael E. Garner and Christopher D. Mattern each took 50% of ownership of the company. Michael E. Garner is also a CFP and the chief compliance officer (CCO) of MFA Wealth Services.
The firm mainly provides investment management and financial planning services. The latter may include education, estate, tax and trust planning services.
MFA Wealth Services Investment Strategy
MFA considers a number of client factors when crafting its investment advice. These include time horizon, risk tolerance, expected rate of return, asset class preferences, income needs and legacy objectives.
The firm incorporates modern portfolio theory when determining asset allocations. When implementing portfolios, MFA generally utilizes mutual funds, individual stocks and bonds, exchange-traded funds (ETFs) and covered options. It employs fundamental analysis when evaluating securities.
Ball & Company
Ball & Company is next on our list. Many of its advisors have the certified financial planner (CFP) designation. The firm’s client base consists of high-net-worth and non-high-net-worth individuals, corporations and other business entities.
The firm generally requires clients to have an account minimum of $1 million, but it may accept clients with smaller balances. Ball & Company charges clients on a fee-only basis, which means advisors earn money based on their services and don’t receive commissions for products they sell. The practice charges clients fixed fees and/or hourly fees for financial planning and consulting services. Investment management fees are based on a percentage of client assets.
Ball & Company Background
Founded in 2007 by Jason L. Ball, Ball & Company provides investment management, financial planning and pension consulting services. As part of its finanical planning services, the firm can help with education savings planning, business planning, insurance planning, retirement planning, tax and cash flow analysis and estate planning. The firm’s website gives clients access to a range of resources, including a learning center and economic and market update pages.
Ball & Company Investment Strategy
Ball & Company applies fundamental, technical and cyclical methods of investment research. Its fundamental analysis consists of looking at the financial condition and market standing of a company, while the technical method helps the firm identify market trends. The cyclical method also focuses on market conditions.
Ball & Company says it strives to diversify client portfolios across asset classes to create opportunities for growth. The firm may use hedge funds and invest in mutual funds, exchange-traded funds (ETFs) and options.
Pacific Financial Strategies
Last on our list is Pacific Financial Strategies. With no account minimum, the firm works mostly with non-high-net-worth individuals. It also serves some high-net-worth individuals.
Some advisors are also insurance agents. In their non-advisor roles, they earn sales commissions on insurance products, making the firm fee-based. This potentially poses a conflict of interest. But as an SEC-registered firm, Pacific Financial is legally required to work in clients' best interests.
Investment advisory fees are asset-based, and the firm charges on an hourly or flat-fee basis for financial planning and consulting services.
Pacific Financial Strategies Background
Pacific Financial was established in 2002 by president and founder J. Arthur Garcia. The firm specializes in portfolio management, but it also offers financial planning, pension consulting and insurance planning services. The firm’s financial planning and consultation services may also include estate, charitable, education, business and corporate and personal tax planning.
Pacific Financial Strategies Investment Strategy
Pacific Financial employs a number of strategies in its portfolio management. These include long-term purchases, short-term purchases, trading and margin transactions. Overall, the firm believes in long-term investments and works to reduce risk while maximizing return.
Pacific Financial chiefly uses bonds, individual stocks, exchange-traded funds (ETFs) and mutual funds when constructing portfolios.